Rambus (NASDAQ:RMBS) Director Necip Sayiner Sells 5,000 Shares of Stock

Rambus, Inc. (NASDAQ:RMBS) Director Necip Sayiner sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $170.15, for a total transaction of $850,750.00. Following the sale, the director owned 18,223 shares of the company’s stock, valued at approximately $3,100,643.45. This represents a 21.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Rambus Stock Up 2.3%

Shares of Rambus stock opened at $170.66 on Thursday. Rambus, Inc. has a twelve month low of $56.08 and a twelve month high of $174.10. The company has a 50-day simple moving average of $122.66 and a two-hundred day simple moving average of $107.20. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 81.27 and a beta of 1.84.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The business had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $179.94 million. On average, sell-side analysts anticipate that Rambus, Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RMBS shares. Evercore reiterated an “outperform” rating and issued a $172.00 price objective on shares of Rambus in a research note on Tuesday, April 28th. Rosenblatt Securities boosted their target price on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Robert W. Baird cut shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their target price on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group boosted their target price on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.43.

Hedge Funds Weigh In On Rambus

A number of institutional investors have recently added to or reduced their stakes in RMBS. NewEdge Advisors LLC increased its position in Rambus by 22,321.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 9,375 shares in the last quarter. Empowered Funds LLC increased its position in Rambus by 34.1% during the 1st quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock worth $1,178,000 after purchasing an additional 5,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Rambus by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock worth $16,025,000 after purchasing an additional 19,120 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Rambus during the 1st quarter worth approximately $218,000. Finally, Quantbot Technologies LP acquired a new position in Rambus during the 2nd quarter worth approximately $102,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Rambus

Here are the key news stories impacting Rambus this week:

• Positive Sentiment: Investor enthusiasm remains supported by Rambus’ AI and data-center memory roadmap, including new product and IP announcements tied to next-generation AI infrastructure. Rambus shares jump as investors focus on AI-memory roadmap ahead of conference updates
• Positive Sentiment: The company recently beat quarterly EPS and revenue expectations, reinforcing the growth story behind the stock’s strong move higher. Rambus earnings and stock information
• Neutral Sentiment: A top-analyst rating update was published, but the details provided do not indicate a clear change in outlook. Rambus receives a rating update from a top analyst
• Negative Sentiment: Director Emiko Higashi sold 10,000 shares, adding to concerns that insiders are taking profits after the stock’s sharp run-up. SEC filing for Emiko Higashi sale
• Negative Sentiment: Director Necip Sayiner sold 5,000 shares, and additional reports showed other recent insider sales, reinforcing a pattern of insider selling at Rambus. SEC filing for Necip Sayiner sale
• Negative Sentiment: Another report highlighted that several Rambus insiders have been quietly cashing in with major stock sales, which may pressure shares despite the positive business narrative. Top Rambus Insiders Quietly Cash In With Major Stock Sales

About Rambus

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.